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A MIXED WEEK FOR CAPESIZE MARKET

Posted on by Hoi Quan Thuyen vien

A MIXED WEEK FOR CAPESIZE MARKET

International Shipping News – 11/08/2025

1. Capesize Segment:

  • General Overview: The Capesize market went through a volatile week, starting with weakness but rebounding significantly later on. The slow activity at the beginning of the week was offset by a strong midweek recovery.
  • Key Routes:
    • Pacific: Freight rates fluctuated sharply, opening at around $9.55, peaking midweek at $10.40, before softening to about $10.00.
    • Atlantic: In contrast, the Atlantic market, initially sluggish, saw a strong upswing, especially on the South Brazil and West Africa to China routes, with fixtures concluded at $25.00/ton.
    • Transatlantic: Freight demand and tonnage supply remained relatively balanced, with rates for voyages to and from Europe ranging from $30,000 to $35,000/day.
    • BCI (Baltic Capesize Index): The BCI ended the week with a net gain, though easing slightly towards the close at $27,716.

2. Panamax Segment:

  • General Overview: Following a weaker week previously, the Panamax sector recorded more positive activity, particularly in the East, though demand from the Atlantic remained lackluster.
  • Key Routes:
    • Transatlantic: North Atlantic demand stayed low, with some fixtures concluded around $14,000/day.
    • Southeast Asia: Additional demand emerged, particularly for grain cargoes. An 82,000-dwt vessel fixed from the UK via Narvik eastbound at $17,500/day. Another trip from Tampa to Tianjin, Indonesia, and Japan was fixed at $18,000/day.
    • Australia & South Africa: Reasonable activity was seen, with an 82,000-dwt fixed EC Australia to India at $14,750/day.

3. Ultramax / Supramax Segment:

  • General Overview: This segment generally enjoyed a positive week, with increased demand across both the Atlantic and Asian markets.
  • Key Routes:
    • Persian Gulf: Demand strengthened, particularly for PG–Singapore/Japan runs, with a 60,000-dwt fixed at $27,750. A voyage to the Mediterranean was fixed at $25,000.
    • South Brazil & South Africa: Stronger demand emerged, especially Santos–Chittagong runs fixed at $23,000 plus a $215,000 ballast bonus. A 56,000-dwt South Africa–Bangladesh was fixed at $19,500/day.
    • Far East: Considerable increase in demand, with a 64,000-dwt fixed South Africa–China at $21,000 plus a $210,000 ballast bonus.

4. Handysize Segment:

  • General Overview: The Handysize market saw a mixed performance, with rates largely holding at prior-week levels. Both Atlantic and Asian basins recorded modest gains in activity.
  • Key Routes:
    • Atlantic: A 32,000-dwt fixed France–Turkey with scrap at $9,500. South Atlantic demand remained steady. A 34,000-dwt fixed SW Pass–WC Central America at $15,750.
    • Asia: Market sentiment stayed firm, with a 38,000-dwt fixed Cigading–Eastbound at $15,000/day.

💢Overall Assessment: The past week marked a noticeable recovery in the dry bulk market, particularly in larger segments such as Capesize and Panamax, following a period of stagnation. Asian demand, especially from China, continues to be a major driver, while regions such as South Brazil and South Africa play a key role in generating attractive freight opportunities.

📍 Source: Hellenic Shipping News Worldwide
📍 Reference Link: https://www.hellenicshippingnews.com/a-mixed-week-for-capesize-market/ 

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